Associated Estates Realty Corp. (AEC) announced the pricing of a public offering of 4.5 million of common shares at a price of $11.10 per share, for net proceeds of approximately $47.5 million after the underwriting discount and estimated offering expenses.
Net proceeds will be approximately $54.7 million, if the underwriters' over-allotment option is exercised in full.
Associated Estates has granted the underwriters a 30-day option to purchase up to an additional 675 thousand of common shares to cover over-allotments, if any. The offering is expected to close on January 15.
For comments and feedback contact: editorial@rttnews.com
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.